Plan Ledger DOL Form 5500 · updated monthly

Recipe Acquisition Corp.401(k)

ALBERT USTER IMPORTS, INC. 401(K) PLAN · GAITHERSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
0.40%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Recipe Acquisition Corp. reported $41,126 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $906 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.15% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Maryland (937th of 1,671), and 2,750th of 4,246 in wholesale trade. In 2024, employees put in $5.84 for every $1.00 the employer contributed; active participation has grown from 128 to 192 since 2022.

Plan summary
Net assets, end of year$11,279,699
Participants with balances177
Active participants192
Employer contributions$174,026
Employee contributions$1,016,050
Employer contribution per active participant$906
Average account balance$63,727
Benefits paid to participants$2,873,695
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 177 accts · $174K emplr
2023$9.5M · 178 accts · $146K emplr
2022$7.5M · 160 accts · $95K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,126
Total administrative$41,126
The Recipe Acquisition Corp. 401(k) match · 2024
Employer contribution per active participant$906
Median for plans this size$2,416
2024$906 per active participant
2023$1,075 per active participant
2022$739 per active participant

Recipe Acquisition Corp.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE CO · Contract administrator · Loan processing$39,152
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$1,475
JP MORGAN INVEST HOLDINGS$171

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$41,126 · 0.40%
2023$38,001 · 0.45%
2022$12,166 · 0.15%
Similar plansWholesale Trade · Maryland
Burch Oil Company, Inc. MD$12.2M · 0.04%
H & M Wagner & Sons, Inc. MD$11.3M · 0.49%
J. J. McDonnell & Co., Inc. MD$11.2M · 0.60%
Tri-Gas & Oil Co. Inc. MD$10.8M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521174968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.